Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

Common-Size Balance Sheet: Assets
Quarterly Data

Edwards Lifesciences Corp., common-size consolidated balance sheet: assets (quarterly data)

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Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents
Short-term investments
Accounts receivable, net of allowances
Other receivables
Accounts and other receivables, net of allowances (legacy)
Inventories
Prepaid expenses
Other current assets
Current assets
Long-term investments
Property, plant, and equipment, net
Operating lease right-of-use assets
Goodwill
Other intangible assets, net
Deferred income taxes
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets demonstrated notable volatility across the periods. It peaked at 21.57% in June 2018 before generally declining and fluctuating around a lower range, ending at 10.15% in December 2021. This indicates a reduction in liquid assets availability over the long term.
Short-term Investments
Short-term investments showed irregular changes, with an initial increase peaking at 14.08% in September 2017, followed by a decline to around 3-7% in subsequent quarters. The elevated level in the early periods was not sustained, signaling a shift toward lower short-term financial investments in later years.
Accounts Receivable (net) and Other Receivables
The data for accounts and other receivables transitioned from combined legacy data to distinct figures beginning in 2020. Net accounts receivable stabilized around 6.85% to 8.36% of total assets by late 2021, while other receivables showed a smaller but steady presence under 1% in recent periods. Earlier legacy receivables fluctuated between 7.67% and 10.94%, suggesting a reclassification or segmentation in reporting.
Inventories
Inventory levels as a percentage of total assets remained relatively stable, fluctuating slightly around 9% to 11% through the period, with a mild declining trend after 2019, reaching 8.55% by the end of 2021. This stability reflects consistent inventory management relative to total asset base.
Prepaid Expenses
Prepaid expenses maintained a low and stable proportion, generally near 1% of total assets, without significant upward or downward trends, indicating a steady approach to expense prepayment over time.
Other Current Assets
Other current assets fluctuated modestly but showed a gradual upward tendency from approximately 2.2% to a range of 2.7% to 3.2% by the end of the data series. This gradual increase may indicate expanding miscellaneous current asset components.
Current Assets
Overall current assets peaked around mid-2017 and late 2019, achieving levels near 46-48% of total assets, but displayed a declining trend post-2019, dropping to 37.41% by the end of 2021. This suggests a strategic shift or rebalancing of asset structure away from liquid and short-term holdings.
Long-term Investments
Long-term investments experienced a general decline through 2017-2019, reaching lows near 6.47%, but subsequently expanded sharply from 2019 onwards, culminating at a significant 21.57% by the end of 2021. This marked increase highlights a strategic emphasis on longer-term investment positioning in recent years.
Property, Plant, and Equipment (Net)
This asset category showed a steady increase over the observed periods, rising from about 12.3% to near 18-19% after 2019, reflecting ongoing capital expenditure and asset growth pertaining to fixed assets.
Operating Lease Right-of-Use Assets
Starting data from late 2018 indicates a minor but consistent holding around 1%-1.3%, suggesting adoption and buildup of lease-right assets following new lease accounting standards.
Goodwill
Goodwill decreased gradually from approximately 19.77% in early 2017 to 13.74% by the end of 2021, indicating either amortization, impairment, or divestitures impacting intangible asset value over time.
Other Intangible Assets (Net)
A similar downward trend appeared in other intangible assets, declining from over 8% to below 4% of total assets, further reflecting amortization or revaluation impacts on intangible holdings.
Deferred Income Taxes
The proportion of deferred income taxes decreased from near 3.75% to a low of around 1.93% in late 2017 but later rebounded and stabilized close to 2.5%-3% towards the end of the timeline, indicating moderate fluctuations in tax timing differences.
Other Assets
Other assets exhibited some variability, with a reduction in mid-period to below 1% but a recovery to around 1.3% by late 2021. This suggests modest changes in less classified asset categories.
Long-term Assets
The composition of long-term assets as a percentage of total assets remained relatively stable with slight fluctuations, settling at a higher level of about 62.59% by the end of 2021, consistent with observed growth in property, plant, equipment, and long-term investments.